Tanzania: Market for Articles Of Asbestos-Cement, Cellulose Fiber-Cement Or The Like 2024

Market Size for Articles Of Asbestos-Cement, Cellulose Fiber-Cement Or The Like in Tanzania

The Tanzanian articles of fiber cement market contracted modestly to $X in 2022, leveling off at the previous year. In general, consumption, however, showed a noticeable slump. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Production of Articles Of Asbestos-Cement, Cellulose Fiber-Cement Or The Like in Tanzania

In value terms, articles of fiber cement production fell slightly to $X in 2022 estimated in export price. In general, production, however, saw a noticeable decline. The most prominent rate of growth was recorded in 2019 when the production volume increased by 41% against the previous year. Articles of fiber cement production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Exports of Articles Of Asbestos-Cement, Cellulose Fiber-Cement Or The Like

Exports from Tanzania

In 2022, approx. X tons of articles of asbestos-cement, cellulose fiber-cement or the like were exported from Tanzania; growing by 311% compared with the previous year. In general, exports posted significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 1,103%. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in the near future.

In value terms, articles of fiber cement exports soared to $X in 2022. Over the period under review, exports recorded a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 671% against the previous year. The exports peaked in 2022 and are likely to continue growth in the immediate term.

Exports by Country

Democratic Republic of the Congo (X tons) was the main destination for articles of fiber cement exports from Tanzania, with a 89% share of total exports. Moreover, articles of fiber cement exports to Democratic Republic of the Congo exceeded the volume sent to the second major destination, Comoros (X tons), more than tenfold. The third position in this ranking was taken by Brazil (X tons), with a 3.2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Democratic Republic of the Congo totaled +126.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Comoros (+34,867.1% per year) and Brazil (0.0% per year).

In value terms, Democratic Republic of the Congo ($X) remains the key foreign market for articles of asbestos-cement, cellulose fiber-cement or the like exports from Tanzania, comprising 87% of total exports. The second position in the ranking was taken by Brazil ($X), with a 7.3% share of total exports. It was followed by Comoros, with a 1.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Democratic Republic of the Congo stood at +75.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Brazil (0.0% per year) and Comoros (+1,328.1% per year).

Export Prices by Country

The average articles of fiber cement export price stood at $X per ton in 2022, waning by -10.5% against the previous year. Over the period under review, the export price showed a abrupt decrease. The growth pace was the most rapid in 2019 an increase of 98% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2020 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Brazil ($X per ton), while the average price for exports to Comoros ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Burundi (-0.7%), while the prices for the other major destinations experienced a decline.

Imports of Articles Of Asbestos-Cement, Cellulose Fiber-Cement Or The Like

Imports into Tanzania

In 2022, imports of articles of asbestos-cement, cellulose fiber-cement or the like into Tanzania surged to X tons, with an increase of 209% on the previous year's figure. Over the period under review, imports enjoyed a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, articles of fiber cement imports surged to $X in 2022. In general, imports continue to indicate a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of articles of fiber cement to Tanzania, accounting for a 68% share of total imports. Moreover, articles of fiber cement imports from China exceeded the figures recorded by the second-largest supplier, Thailand (X tons), threefold. India (X tons) ranked third in terms of total imports with a 4.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +56.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+36.2% per year) and India (+16.0% per year).

In value terms, China ($X), Thailand ($X) and India ($X) were the largest articles of fiber cement suppliers to Tanzania, with a combined 92% share of total imports.

Thailand, with a CAGR of +42.4%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average articles of fiber cement import price stood at $X per ton in 2022, with a decrease of -18.8% against the previous year. In general, the import price saw a abrupt decrease. The most prominent rate of growth was recorded in 2013 when the average import price increased by 13% against the previous year. As a result, import price reached the peak level of $X per ton. From 2014 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Malaysia ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+7.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform